Simple Board Resolution Agreement
This Simple Board Resolution Agreement is a formal document that records the decisions made by the Board of Directors of [YOUR COMPANY NAME]. It is a legal record of the actions taken by the board to ensure all decisions are duly documented and binding.
I. Company Information
This section includes the essential information about the company for formal records.
Company Name | [YOUR COMPANY NAME] |
|---|
Company Address | [YOUR COMPANY ADDRESS] |
Company Website | [YOUR COMPANY WEBSITE] |
Date of Resolution | January 15, 2050 |
II. Approval of Financial Transaction
The Board of Directors hereby approves a financial transaction involving the company.
Resolved that: The Board approves the authorization of a loan of $500,000 to [Borrowing Entity Name] under the terms set forth in the loan agreement attached to this resolution.
Resolved further: The loan will be disbursed by [YOUR COMPANY NAME] no later than February 1, 2050.
Authorized signatories:
[Name of Authorized Person], CEO
[Name of Authorized Person], CFO
III. Appointment of Officers
The Board of Directors appoints a new officer to the executive team of the company.
Resolved that: The Board hereby appoints [New Officer Name] as the Chief Operating Officer (COO) of [YOUR COMPANY NAME] with effect from February 1, 2050.
Resolved further: The Board authorizes [New Officer Name] to execute contracts, enter into negotiations, and represent the company in day-to-day operations.
IV. Approval of Contract
The Board has reviewed and approved a new business contract.
Resolved that: The Board approves the execution of a service contract with [Contracting Party Name] for the development of a new software platform for the company. The contract is valued at $1,000,000 and will commence on February 10, 2050.
Resolved further: The contract will be executed by [Name of Signatory], Chief Executive Officer.
V. Corporate Governance Actions
The Board has made necessary changes in the company’s articles of incorporation.
Resolved that: The Board of Directors approves the amendment of the company’s bylaws to reflect the new procedure for shareholder meetings. The changes will be effective as of March 1, 2050.
Resolved further: A copy of the amended bylaws will be distributed to all shareholders by March 5, 2050.
VI. Authorization of Specific Actions
The Board authorizes a specific company action to be taken.
Resolved that: The Board approves the purchase of office space located at [Property Address] for the amount of $2,000,000, to be finalized by March 15, 2050.
Resolved further: The Board authorizes [Name of Authorized Person], Chief Financial Officer, to sign all necessary documents related to the purchase.
VII. Signatories
The following individuals are authorized to execute the resolution on behalf of [YOUR COMPANY NAME].
Name | Title | Signature | Date |
|---|
[Name of Authorized Person] | Chief Executive Officer | 
| January 15, 2050 |
[Name of Authorized Person] | Chief Financial Officer |
| January 15, 2050 |
VIII. Conclusion
This resolution is passed with the majority vote of the Board and is effective as of the date above. All necessary actions outlined in this resolution are authorized and will be implemented according to the terms specified.
Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
Date: January 15, 2050
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